Apr 22, 2013 9:00am EDT
'll get the analyst behind that call ahead. >> also the sequester effect on travel. >> faa employee furloughs and our major airport delays and all in the future and former department of transportation inspector mary shafo live. another monday morning, david, in which you've propelled a major dow component, microsoft up over 4% on the news that an activist shareholder is buying a $2 billion stake. so i think by my calculations you've created on that report about $2.5 billion of value so far this monday morning. >> simon, it's the value being created by the news itself, not the fact that i've reported it and we've been able to tell people that value act, large activist fund that often does take large positions in companies and actually doesn't get active if things go their way have taken a $2 billion position. on a relative bases it's 1% or less than 1% overall is what it would amount to of the outstanding shares of microsoft. that being said, valueact does have a history of holding stakes for quite some period of time, monitoring those companies and their managements and then getting
Apr 22, 2013 6:00am PDT
that could be starting today, folks. the faa beginning furloughs, forced days off for their employees, including 15,000 air traffic controllers. airports across the country are bracing for an hour-long debase in many cases. critics say this move they believe is political. let's find out what peter goelz thinks about, former director of the nts. about, the national transportation safety board. peter, thanks for being here. good to see you. >> good to see you. martha: we're told today could have some pretty big snarls at the nation's airport. what do you think? >> i think we'll see some slow-ups. the federal aviation administration is taking 60% of the cuts at dot. that is $647 million in cuts. people are going to be laid off and things are going to go slowly. martha: why do you think that is, that they're bearing such a brunt of these budget cuts? >> at d.o.t. they have five modes, pipelines, trails, trucks, aviation. aviation is where the big programs are, the big money are and where the most employees are. not only air traffic controllers but air inspectors and the whole certificatio
Apr 22, 2013 4:00am EDT
them. also delayed travelers finding themselves waiting in airports as faa furloughs just kicked in. >>> and the investigation in boston, the wounded marathon bombing suspect, he's now responding to questions. it's monday, april 22nd, 2013 and "squawk box" -- it's early, it's monday morning, it begins right now.
Apr 22, 2013 8:30am EDT
, and what we think is the right solution is the faa, the government agency, they need to learn with those bodies. they need to learn to understand exactly what's being done in the different industries to deal with different threats. and that's how we're going to develop our own best practice. >> host: gautham nagesh. >> greg, you mentioned that thebacking industry is largely ahead of the curve when it comes to these sorts of things, likely due to the nature of the business itself, and like you said, the criminals are often looking for money. how would you say the broader employees of your industry, how successful would your education efforts be, would you say, and have there been any keys that could be applied to other critical infrastructure sectors? >> guest: i think the, you know, by and large, employees within the financial institutions, um, are fairly well aware of what's going on, and, you know, given over the last year increasing news about attacks on the financial system, the awareness has only grown. as part of every bank's standard procedures, employees are tested. they're train